secwatch.observer — SEC 8-K summary
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Issuer:     Forestar Group Inc. (FOR)
CIK:        0001406587
Form:       8-K
Filed at:   2024-11-01T23:59:59+00:00
Accession:  0001193125-24-249824
Event type: other_material
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Forestar amends stockholder agreement with D.R. Horton, raises investment approval threshold to $45M
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- Investment approval threshold increased from $20M to $45M under amended Stockholder’s Agreement with D.R. Horton (owner of ~62% of FOR).
- Charter amendment to align with new threshold to be proposed at 2025 Annual Meeting; existing Charter provisions remain until stockholder approval.
- Compensation Committee adopted Executive Cash Incentive Plan for FY2025 based on pre-tax income, with payout from 0% to 200% of target, paid semi-annually.
- New PSU grant with three equally weighted metrics (relative TSR, return on inventory, market share) over a three-year performance period (FY2025-2027).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1406587/000119312524249824/0001193125-24-249824-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1406587/000119312524249824/d904366d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-249824

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